EUR JPY touches the targets 9/4/2013

Economies.com
2013-04-09 07:30AM UTC

The pair touched 129.95 level, to successfully achieve the waited targets in our previous report, and by holding above 126.60 support, the bullish bias remains dominating the trading but with chances to start profit gaining process, and the waited target for today will be 127.45.

 

Stochastic attempts to leave the overbought levels,  which supports our bearish overview for today, but carefully note that breaching above 130.00 will push the price to reach levels that surpass 131.00 barrier.

 

Expected trading range is between 130.00 and 127.40 

 

Expected trend: bearish, as long as 130.00 remained intact

 

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